With the updated ITR deadline nearing, a meticulous review of your income, tax liability, and payment is paramount.

ICICI Prudential Life plans to appeal a ₹328.42 crore income tax demand issued by the Assistant Commissioner of Income Tax, ...

ITAT Ahmedabad held that as per the provisions of Section 167B of the Income Tax Act, Maximum Marginal Rate (MMR) is applicable on entire income of AOP if any one member of the AOP is taxable at a ...

Non-Adjudication on Section 87A Rebate for STCG: The court refrained from making a conclusive ruling on whether the rebate under Section 87A applies to Short-Term Capital Gains (STCG). However, It ...

By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...

If your monthly rent exceeds ₹50,000 and you’ve claimed HRA without deducting Tax Deducted at Source (TDS), the Income Tax Department’s automated system may flag your return.

The Kerala High Court stated that the order passed by the Commissioner of Appeals under Section 263 of the Income Tax Act ...

Last chance to file updated Income Tax Returns for AY 2022-23 with additional tax penalties, consequences for non-compliance.

As FY25 is coming to an end, taxpayers need to finalise investments if opting for old tax regime, adjust TDS, pay advance tax ...

Swiggy faces a tax demand notice for TDS non-compliance. Learn about the penalties, TDS rules, due dates, and how to ensure compliance in this guide.

The company said that the disallowances of some expenditures and deductions that the bank claimed under various income tax provisions.

The exit tax does apply to retirement interests, but amendments ensure relief by confirming that these interests are not ...